Lawmakers in the European Parliament have approved the world’s first comprehensive package of rules aimed at regulating the cryptocurrency industry. In a vote Thursday, the EU Parliament voted 517 in favor and 38 against to pass the Markets in Crypto Act, or MiCA. The legislation, which seeks to reduce risks for consumers buying crypto assets,...
Germany continues its crypto-friendly stance by introducing a new law allowing companies to issue crypto shares. The German Ministry of Finance said it was working on the Future Financing Act, a law “intended to support private asset accumulation and mobilize more private capital for future investments .” Other key improvements include the reduction of minimum...
The Council of the European Union has supported the idea of disabling and suspending smart contracts – they will have to contain a “switch” in accordance with the revised data law (Data Act) of the European Union, reports CoinDesk. The text of the document was agreed upon by the Council of the European Union (one...
The EU authorities have changed their mind about banning anonymous crypto wallets, The Block reports. Changes to EU anti-money laundering regulations show that anonymous (non-custodial) wallets should not be banned, but they will still be subject to transaction restrictions. The European Commission proposed to ban the use of anonymous cryptocurrency wallets in the summer of...
